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Side-by-side financial comparison of AMERISAFE INC (AMSF) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $80.1M, roughly 1.1× AMERISAFE INC). AMERISAFE INC runs the higher net margin — 10.2% vs -3.2%, a 13.4% gap on every dollar of revenue. On growth, AMERISAFE INC posted the faster year-over-year revenue change (10.3% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 2.8%).
AMERISAFE Inc. is a specialty insurance provider that focuses exclusively on workers' compensation coverage for small and mid-sized businesses in high-hazard industries including construction, logging, trucking, and manufacturing. It operates across 49 U.S. states, offering tailored insurance policies paired with targeted risk management support for clients.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
AMSF vs IQST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.1M | $84.2M |
| Net Profit | $8.1M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | — | -2.9% |
| Net Margin | 10.2% | -3.2% |
| Revenue YoY | 10.3% | -14.9% |
| Net Profit YoY | -9.0% | -44.5% |
| EPS (diluted) | $0.43 | $-0.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $80.1M | — | ||
| Q4 25 | $81.6M | $84.2M | ||
| Q3 25 | $82.0M | $102.9M | ||
| Q2 25 | $81.1M | $72.2M | ||
| Q1 25 | $72.6M | $57.6M | ||
| Q4 24 | $74.0M | $98.9M | ||
| Q3 24 | $78.7M | $54.2M | ||
| Q2 24 | $75.8M | $78.6M |
| Q1 26 | $8.1M | — | ||
| Q4 25 | $10.4M | $-2.7M | ||
| Q3 25 | $13.8M | $-2.3M | ||
| Q2 25 | $14.0M | $-2.3M | ||
| Q1 25 | $8.9M | $-1.1M | ||
| Q4 24 | $13.2M | $-1.9M | ||
| Q3 24 | $14.3M | $-773.0K | ||
| Q2 24 | $11.0M | $-2.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 15.6% | -2.9% | ||
| Q3 25 | 21.3% | -0.5% | ||
| Q2 25 | 21.5% | -0.9% | ||
| Q1 25 | 15.5% | -1.0% | ||
| Q4 24 | 22.7% | -0.3% | ||
| Q3 24 | 22.6% | -0.1% | ||
| Q2 24 | 18.1% | -0.4% |
| Q1 26 | 10.2% | — | ||
| Q4 25 | 12.8% | -3.2% | ||
| Q3 25 | 16.9% | -2.3% | ||
| Q2 25 | 17.2% | -3.3% | ||
| Q1 25 | 12.3% | -2.0% | ||
| Q4 24 | 17.8% | -1.9% | ||
| Q3 24 | 18.2% | -1.4% | ||
| Q2 24 | 14.5% | -2.5% |
| Q1 26 | $0.43 | — | ||
| Q4 25 | $0.55 | $-0.92 | ||
| Q3 25 | $0.72 | $-0.68 | ||
| Q2 25 | $0.73 | $-0.82 | ||
| Q1 25 | $0.47 | $-0.44 | ||
| Q4 24 | $0.69 | $-1.19 | ||
| Q3 24 | $0.75 | $-0.40 | ||
| Q2 24 | $0.57 | $-0.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.2M | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $246.6M | $16.3M |
| Total Assets | — | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $34.2M | — | ||
| Q4 25 | $61.9M | $2.2M | ||
| Q3 25 | $54.7M | $2.3M | ||
| Q2 25 | $48.5M | $2.0M | ||
| Q1 25 | $44.8M | $1.1M | ||
| Q4 24 | $44.1M | $2.5M | ||
| Q3 24 | $63.7M | $2.1M | ||
| Q2 24 | $30.6M | $797.2K |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M |
| Q1 26 | $246.6M | — | ||
| Q4 25 | $251.6M | $16.3M | ||
| Q3 25 | $274.8M | $17.9M | ||
| Q2 25 | $265.6M | $14.3M | ||
| Q1 25 | $260.8M | $11.6M | ||
| Q4 24 | $257.3M | $11.9M | ||
| Q3 24 | $314.4M | $8.1M | ||
| Q2 24 | $301.0M | $7.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $51.1M | ||
| Q3 25 | $1.2B | $46.9M | ||
| Q2 25 | $1.2B | $51.4M | ||
| Q1 25 | $1.2B | $42.0M | ||
| Q4 24 | $1.2B | $79.0M | ||
| Q3 24 | $1.3B | $32.4M | ||
| Q2 24 | $1.2B | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-1.2M |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-1.2M | ||
| Q3 25 | $10.7M | $-953.0K | ||
| Q2 25 | $-8.4M | $257.7K | ||
| Q1 25 | $-1.8M | $-1.9M | ||
| Q4 24 | $24.2M | $-403.7K | ||
| Q3 24 | $8.4M | $625.0K | ||
| Q2 24 | $-2.6M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | $8.9M | $-1.2M | ||
| Q3 25 | $9.8M | $-969.2K | ||
| Q2 25 | $-9.5M | $211.7K | ||
| Q1 25 | $-1.8M | $-2.0M | ||
| Q4 24 | $23.4M | $-421.3K | ||
| Q3 24 | $8.4M | $594.5K | ||
| Q2 24 | $-2.6M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | -1.5% | ||
| Q3 25 | 11.9% | -0.9% | ||
| Q2 25 | -11.7% | 0.3% | ||
| Q1 25 | -2.5% | -3.4% | ||
| Q4 24 | 31.5% | -0.4% | ||
| Q3 24 | 10.7% | 1.1% | ||
| Q2 24 | -3.5% | -3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 0.0% | ||
| Q3 25 | 1.1% | 0.0% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 1.1% | 0.0% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | 0.1% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.06× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | -0.20× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMSF
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
